Closing Bell: Nifty 50 Slips 150 Points Amid Midcap Selloff on Wednesday Session | 21 Oct 2026, 03:45 PM IST
Key Highlights
The Nifty 50 closed at 22,738.45 on Wednesday, 21 October 2026, as broad-based selling pressure dragged down the midcap index by nearly two percent.
Market Overview
Indian equity markets ended the session on a negative note on Wednesday, 21 October 2026. The settled at 22,738.45, reflecting a decline of −150.50 points or −0.66%. The Nifty Bank index followed the downward trend, closing at 54,892.70, down −595.40 points or −1.07%. The NIFTY Midcap 100 index saw the sharpest decline, finishing at 57,405.55 with a loss of −1082.40 points or −1.85%.
Top Performers and Laggards
IT stocks provided a buffer for the headline index. Infosys Ltd. led the gains, rising +3.03%, followed by Tech Mahindra Ltd. at +2.74% and Tata Consultancy Services Ltd. at +2.23%. Conversely, Eternal Ltd. faced significant selling pressure, dropping −3.56%, while Bajaj Finance Ltd. fell −3.45%.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 22738.45 | −150.50 | −0.66% |
| Nifty Bank | 54892.70 | −595.40 | −1.07% |
| NIFTY Midcap 100 | 57405.55 | −1082.40 | −1.85% |
Corporate Developments
Tech Mahindra Ltd. reported a 33% growth in consolidated net profit for Q2, with total income rising to ₹16,172.80 crore. Meanwhile, Tata Consultancy Services Ltd. announced an expanded partnership with Indian Bank to modernize overseas treasury operations. Infosys Ltd. also saw positive momentum following an expanded collaboration with Truist.